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OWNERS OF "SW 8" REAL ESTATE v. McQUAID

Nos. 72-3001, 72-3002.

513 F.2d 558 (1975)

In the Matter of the Owners of "SW 8" Real Estate, by the Owners Management Committee, consisting of Walter L. Peterson, et al., Debtors. OWNERS OF "SW 8" REAL ESTATE, etc., Petitioners-Appellants, v. Thomas L. McQUAID, Trustee of Federal Shopping Way, Trustee-Appellee. WASHINGTON STATE INSURANCE COMMISSIONER, Statutory Rehabilitator for Federal Old Line Insurance Company, Creditor-Appellant, v. Thomas L. McQUAID, Trustee of Federal Shopping Way, Trustee-Appellee.

United States Court of Appeals, Ninth Circuit.

March 14, 1975.

Attorney(s) appearing for the Case

James R. Irwin, Seattle, Wash. (argued), and Burton W. Lyon, Jr., Tacoma, Wash. (argued), for appellants.

David Oesting, Seattle, Wash. (argued), for trustee-appellee.

Before TRASK and SNEED, Circuit Judges, and JAMESON, District Judge.

OPINION

TRASK, Circuit Judge:

On March 4, 1970, the Debtor-Petitioners (six individuals) filed a petition in the lower court for a real property arrangement under Chapter XII of the Bankruptcy Act. The Referee in Bankruptcy dismissed the petition and the District Court on review approved and adopted the order of the Referee. This appeal is taken by Debtor-Petitioners from the action of the District Court.

Arrangements under Chapter XII of the Bankruptcy...

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